Business

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S&P seen failing in reach for year-old record
As the anniversary of the S&P 500's high mark approaches, the benchmark U.S. stock index's latest rally has stalled and failed to breach a key level, prompting some calls for sell-offs, at...

Oil jumps on Canada wildfire outages
Oil rallied on Monday as Canada's most destructive wildfire in recent memory knocked out over a million barrels in daily production capacity, but caution among investors prevented a return to late April's 2016 price...

Traders on edge as Staples-Office Depot deal decision looms
Options traders are bracing for wild gyrations in the shares of Staples Inc and Office Depot Inc as the companies await a ruling that could scuttle their pending merger.
Staples, the largest...

Global stocks slide as yen, euro gains question policy potency
The U.S. dollar slid to its lowest against major currencies in well over a year on Tuesday, a move led by the yen's continued march higher as investors grew doubtful...

As oil plows through $45 a barrel, U.S. producers rush to lock in prices
U.S. oil producers pounced on this month's 20 percent rally in crude futures to the highest level since November, locking in better prices for their oil...

IEA chief says oil price bottoming depends on global growth
International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern.
Oil...

Looming gasoline glut threatens crude's rebound
A rebound in oil prices this year from 12-year lows is in danger of coming to a crashing halt, as the main engine of global demand growth for the past several years starts to...

SunEdison files for Chapter 11 bankruptcy protection
U.S. solar energy company SunEdison Inc (SUNE.N) filed for Chapter 11 bankruptcy protection on Thursday, becoming one of the largest non-financial companies to do so in the past 10 years.
Once the fastest-growing U.S....

Oil prices slide after freeze deal failure
Oil prices slid on Monday after a meeting between major producing nations on a proposed output freeze fell apart, leaving the world grappling with an excess of unwanted crude.
The some 18 oil exporting...

Central banks wait in vain for world to borrow
Central bankers usually worry about when to remove the punch bowl of cheap finance but when they gather in Washington, D.C. this week they will face a different problem: how to...

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